EQFX Trade Review

About EQFX Trade

EQFX Trade operates without any valid oversight from recognized financial regulators. No authorization or license information appears in public regulatory databases. The broker claims a company registration in the UK (Companies House number 13186240 under the name “EQFX INTERNATIONAL LTD”), but verification in the UK’s Financial Conduct Authority (FCA) register yields no match. This indicates that EQFX Trade does not hold a valid FCA authorization and is therefore unregulated. Investors' funds are not protected by any regulatory framework.

EQFX Trade offers three account types—Starter, Standard, and ECN—with a minimum deposit ranging from $100 (Starter) to $10,000 (ECN). The broker provides trading via the MetaTrader 5 (MT5) platform on desktop, web, and mobile (iOS/Android). Available instruments include CFDs, ETFs, stocks, and cryptocurrencies, with over 300 assets. Spread starts from 0.2 pips, and leverage up to 1:500 is offered. Deposit and withdrawal options include Mastercard, PayPal, Visa, and bank transfer; however, processing times and fees are unspecified, and the official website is reportedly inaccessible.

Pros and cons

Pros

• High leverage up to 1:500
• MT5 platform available across multiple devices
• Wide range of tradable assets, including CFDs, ETFs, stocks, and cryptocurrencies

Cons

• Unregulated with no valid license or oversight
• Official website inaccessible, limiting transparency
• Deposit/withdrawal terms (processing times, fees) are unspecified